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23. When your second child is born, you are able to invest only $10,000 but the account
pays 3.2% interest compounded daily. How much will be in the account when this child is
18 years old and ready to start to college?
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24. When your third child comes along, money is even tighter and you are able to invest
only $5000, but you are able to find a bank that will let you invest the money at 5%
compounded continuously. How much will be in the account when this third child is 18
years old and ready to start to college?
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25. Joe Vader plans to start his own business in ten years. How much money would he need
to invest today in order to have $25,000 in ten years if Joe’s bank offers a 10-year CD that
pays 1.8% interest compounded monthly.
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